Circular RUNOR 1-1940: Disciplinary Regime of the Central Bank of the Argentine Republic (Laws 21.526 and 25.065) and Processing of Foreign Exchange Proceedings (Law 19.359). Adjustment.

COMMUNICATION “A” 8384 09/01/2026
TO FINANCIAL ENTITIES,
TO TRUSTEES OF FINANCIAL TRUSTS INCLUDED IN THE FINANCIAL ENTITIES LAW, TO ADMINISTRATORS OF CREDIT PORTFOLIOS OF EX-FINANCIAL ENTITIES, TO REPRESENTATIVES OF FOREIGN FINANCIAL ENTITIES NOT AUTHORIZED TO OPERATE IN THE COUNTRY, TO FOREIGN EXCHANGE OPERATORS, TO NON-FINANCIAL COMPANIES ISSUING CREDIT CARDS, TO NON-FINANCIAL COMPANIES ISSUING PURCHASE CARDS, TO OTHER NON-FINANCIAL CREDIT PROVIDERS, TO PAYMENT SERVICE PROVIDERS, TO PAYMENT SERVICE PROVIDERS OFFERING PAYMENT ACCOUNTS, TO PEER-TO-PEER CREDIT PLATFORM SERVICE PROVIDERS, TO SECURITIES TRANSPORT COMPANIES:
Ref.: Circular RUNOR 1-1940:
Disciplinary Regime of the Central Bank of the Argentine Republic (Laws 21.526 and 25.065) and Processing of Foreign Exchange Proceedings (Law 19.359). Adjustment. ___________________________________________________________________________ We address you to inform you that this Institution has adopted the resolution which, in its relevant part, provides:
“- Establish, within the framework of the consolidated text on the Disciplinary Regime of the Central Bank of the Argentine Republic (Laws 21.526 and 25.065) and Processing of Foreign Exchange Proceedings (Law 19.359), the value of the Sanction Unit for 2026 at $5,300,000 (five million three hundred thousand pesos).” Regarding this, we forward you the pages that, replacing those previously provided, should be incorporated into the referenced consolidated text. In this regard, it is recalled that on this Institution's website www.bcra.gob.ar, by accessing “Sections - Financial System - LEGAL AND REGULATORY FRAMEWORK - Regulations and summaries - Consolidated texts of general regulations”, the modifications made with specially highlighted text (strikethrough and bold) will be found.

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We remain, yours sincerely.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
José L. Dubini Rubén D. Narduzzi
Chief Manager of Control Chief Manager of Controversial Affairs
ANNEX

9.1. Circumstances and exceptional cases.
Only in exceptional cases may the resolving body apply criteria that deviate from what is provided in this regime, mitigating or aggravating sanctions in a duly justified manner, among others, in particular cases that may possess characteristics not covered by this regulation. Such criteria must necessarily be applied in accordance with the circumstances of the case, applicable general principles of law, and constitutionally recognized guarantees, preventing arbitrary discriminations.
9.2. Sanction Unit.
Fine sanctions will be calculated using the value of the Sanction Unit in effect at the time the BCRA issues the sanctioning resolution and will be expressed in pesos. Each calendar year, the BCRA will inform the value of the Sanction Unit and update the following table:
Year Value of the Sanction Unit
2017 $50,000 (fifty thousand pesos)
2018 $57,500 (fifty-seven thousand five hundred pesos) 2019 $90,000 (ninety thousand pesos) 2020 $136,400 (one hundred thirty-six thousand four hundred pesos) 2021 $200,000 (two hundred thousand pesos) 2022 $300,000 (three hundred thousand pesos) 2023 $600,000 (six hundred thousand pesos) 2024 $1,700,000 (one million seven hundred thousand pesos) 2025 $4,000,000 (four million pesos) 2026 $5,300,000 (five million three hundred thousand pesos) B.C.R.A. DISCIPLINARY REGIME OF THE CENTRAL BANK OF THE ARGENTINE REPUBLIC (LAWS 21.526 AND 25.065) AND PROCESSING OF FOREIGN EXCHANGE PROCEEDINGS (LAW 19.359)"
Section 9. Financial Proceedings. Other provisions.
Version: 10th. COMMUNICATION “A” 8384 Validity:
10/01/2026 Page 1

DISCIPLINARY REGIME OF THE CENTRAL BANK OF THE ARGENTINE REPUBLIC (LAWS 21.526 AND 25.065) AND PROCESSING OF FOREIGN EXCHANGE PROCEEDINGS (LAW 19.359) CONSOLIDATED TEXT ORIGIN REGULATION OBSERVATIONS Section Point Paragraph Comm. Chapter Point Paragraph 7.
7.1. “A” 6167 1.
7.2. “A” 6167 1.
7.3. “A” 6167 1.
7.4. “A” 6167 1.
7.5. “A” 6167 1.
7.6. “A” 6167 1.
7.7. “A” 6167 1.
8 “A” 7700
9.
9.1. “A” 6167 1. According to Comm. “A” 6421.
9.2. “A” 6167 1. According to Comm. “A” 6421, 7439,
7670, 7944, 8173, 8384, “B”
11650, 11792, 11938 and 12113.
10. “A” 8278 2.
11.
“A” 6167 1. According to Comm. “A” 6305, 6421, 6639 and 7944.